Question
c)ThefollowingisthebankstatementofKakamegaRetailTradersforthemonthofOctober2017: Date2017 Particulars Debit Credit Balance Sh. Sh. Sh. October1 Balanceb/d 365,875 2 Chequeno.63 31,000 334,875 2 Chequeno.67 3,548 400,327 2 Chequeno.65 13,000 331,327 2
c)ThefollowingisthebankstatementofKakamegaRetailTradersforthemonthofOctober2017:
Date2017
Particulars
Debit
Credit
Balance
Sh.
Sh.
Sh.
October1
Balanceb/d
365,875
2
Chequeno.63
31,000
334,875
2
Chequeno.67
3,548
400,327
2
Chequeno.65
13,000
331,327
2
Deposit
82,000
318,327
4
Chequeno.69
6,000
394,327
4
Chequeno.68
3,115
391,212
4
Chequeno.64
51,000
340,212
4
Deposit
7,280
347,492
7
Chequeno.70
7,000
340,492
7
Chequeno.71
51,500
288,992
7
Deposit
36,100
325,092
8
Chequeno.66
9,000
316,092
8
Deposit
28,000
344,092
9
Chequeno.72
1,330
342,762
9
Chequeno.73
6,250
336,512
9
Deposit
51,000
387,512
15
Chequeno.74
2,800
384,712
15
Deposit
20,560
405,272
16
Chequeno.75
65,000
340,272
16
Deposit
18,014
358,286
17
Deposit
34,500
392,786
19
Chequeno.76
8,500
384,286
19
Deposit
42,750
427,036
21
Chequeno.79
2,410
424,626
21
Chequeno.77
12,506
412,120
21
Chequeno.78
4,000
408,120
21
Chequeno.81
6,500
401,620
21
Deposit
9,000
410,620
23
Chequeno.82
16,240
394,380
23
Deposit
63,000
457,380
26
Chequeno.84
1,500
455,880
26
Dividends
8,750
464,630
26
Deposit
62,500
527,130
28
Chequeno.88
35,500
491,630
28
Standing
order
(Insurance)
10,400
481,230
28
Chequeno.85
27,000
454,230
28
Chequeno.87
22,500
431,730
28
Deposit
13,025
444,755
31
Servicecharge
750
444,005
31
Deposit
28,050
472,055
Thefollowingisthebankcolumnofthecashbook:
Date
2017
Particulars
Debit
Sh.
Date2017
Particulars
Credit
Sh.
October1
Balanceb/d
365,875
October1
Chequeno.65
13,000
1
Depositedat
bank
7,280
1
Chequeno.66
9,000
3
Depositedatbank
36,100
1
Chequeno.67
3,548
5
28,000
2
Chequeno.68
3,115
8
51,000
4
Chequeno.69
6,000
10.
20,560
5
Chequeno.70
7,000
15
18,014
5
Chequeno.71
51,500
15
34,500
7
Chequeno.72
1,330
17
42,750
8
Chequeno.73
6,250
19
15,700
10
Chequeno.74
2,800
19
9,000
11
Chequeno.75
65,000
22
36,000
15
Chequeno.76
5,800
24
26,500
18
Chequeno.77
12,506
27
13,025
19
Chequeno.78
4,000
28
28,050
19
Chequeno.79
2,410
29
171,010
19
Chequeno.80
3,860
31
31,525
19
Chequeno.81
6,500
22
Chequeno.82
16,240
23
Chequeno.83
15,000
26
Chequeno.84
1,500
28
Chequeno.85
27,000
28
Chequeno.86
10,520
28
Chequeno.87
22,500
28
Chequeno.88
53,500
30
Chequeno.89
2,500
31
Chequeno.90
64,529
31
Chequeno.91
15,500
______
31
Balancec/d
502,481
934,889
934.889
Notes:
1.Thebankreconciliationon30September2017showedthatonedepositwasintransitand
twochequeshadnotyetbeenpresentedtothebank.
2.DepositsofSh.62,500andSh.36,000hadbeenenteredinthecashbookasSh.26,500and
Sh.36,000andinthebankstatementasSh.62,500andSh.63,000,respectively.
3.AchequefromMkulimaforSh.15,700wasdepositedon18October2017butwasdishonouredand
theadvicewasreceivedon4November2017.
4.Counterfoilsforchequesno.76andno.88showedtheyhadbeendrawnforSh.5,800and
Sh.35,500respectively.
Required:
(a)Acorrectcashbookbalance.(8Marks)
(b)Abankreconciliationstatementon31October2017.
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